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- Custodian
- Stonex ยท US Bank
- Clients
- Retail and Institutional
- Platforms
- Available in AdvizorPro
- Established Date
- 03-05-1987
- Office Locations
- 1
Office Locations
About Karpus Investment Management
Karpus Investment Management is a fiduciary RIA providing conservative, long-term investment advisory and foundation services. The firm serves individuals/families and institutional clients with individually managed, diversified portfolios tailored to risk, income needs, time horizon and taxes. Strategies include tax-sensitive fixed income, balanced and equity management, plus cash management.
Reported data analysis
What the numbers show
Reported AUM was unchanged at $4.0B between October 20, 2025 and May 18, 2026.
Across 5 reported observations, AUM increased 16.1% between November 30, 2022 and May 18, 2026, from $3.5B to $4.0B.
Of the latest reported AUM, 100.0% is discretionary and 0.0% is non-discretionary.
The firm reports 19 advisory representatives and 1,823 clients, or 95.9 clients per representative. That equates to $2.2M in reported AUM per client.
The profile lists 1 reported office location and 39 years in operation. The source data was last updated on July 7, 2026. Figures reflect reported regulatory data and may not include subsequent changes.
Team overview
Additional firm insights
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Available data coverage
- Asset Classes
- Client Personas
- Custodian
- Investment Themes
- Investment Vehicles
- Platform
- Services
- Technology
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Owner & Executives
JODI LEE HEDBERG
Chief Compliance Officer
- CRD
- --
- Ownership
- Less than 5%
DANIEL LEE LIPPINCOTT
Chief Investment Officer, President
- CRD
- #6019452
- Ownership
- Less than 5%
Showing 2 of 2 owners & executives
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DAVID PATRICK ANGELINE
Vice President
- CRD
- #7421166
DAVID ANTHONY D'AMBROSIO
Senior Vice President
- CRD
- #4056925
Showing 2 of 8 contacts
Unlock allAssets Under Management
| Category | Assets | AVG. Account size |
|---|---|---|
| Discretionary | $4,010,769,565 | $1,759,881 |
| Non-Discretionary | $0 | -- |
| Total | $4,010,769,565 | $1,759,881 |
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Separately Managed Accounts
SMA allocation detail is available
Karpus Investment Management has reported separately managed account data across 4 asset classes. AdvizorPro provides the associated asset values, allocation percentages, and exportable breakdown.
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